Cyril Amarchand Mangaldas advised Octopolis Technologies Pvt. Ltd. (Apnaklub), in relation to its Pre-Series B round of funding from Truescale Venture, ICMG, Flourish Ventures, Sequoia, Blume and Whiteboard Capital Apnaklub, a business-to-business fast moving consumer goods wholesale startup. The INR 48 crore fundraising is to be used to bolster Apnaklub’s technology, and to sell its services to more kirana (corner) store owners in Tier II and Tier III cities.
The General Corporate Practice of Cyril Amarchand Mangaldas advised Apnaklub for the transaction. The transaction team was led by Trayosha Darapuneni, Partner; with support from Harsh Singh, Associate.
The transaction was signed on 16th December 2022; and closed on 13th January 2023.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.